Cryptocurrency

Solana

Injective

Bitcoin ETF

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 <p class="paragraph">With the recent surge in Bitcoins (BTC) price, <a rel="dofollow" title="altcoins" href="https://thebittimes.com/tag/altcoins.html">altcoins</a> are starting to show signs of promise and exhibit small gains, but whether a potential spot Bitcoin ETF approval will positively impact their price remains to be seen.</p> 
 <p class="paragraph">Looking at the historical performance of <a rel="dofollow" title="altcoins" href="https://thebittimes.com/tag/altcoins.html">altcoins</a> and their respective accumulation and retest phases, certain parallels can be drawn that indicate that a potential surge in their price might be on the horizon, as per crypto analyst <em>Jelle</em> post on X on January 9.</p> 
 <blockquote class="wp-block-quote"> 
  <p class="paragraph">“Looks like <a rel="dofollow" title="altcoins" href="https://thebittimes.com/tag/altcoins.html">altcoins</a> are ready for takeoff, with the ETFs right around the corner.</p> 
  <p class="paragraph">We’re in for a ride. Main altcoin holdings: SOL, INJ &amp; TIA,” the expert noted.</p> 
 </blockquote> 
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  <img decoding="async" width="1024" height="585" src="https://cdn.thebittimes.com/images/2024/01/09/3f1fd4a4a90fcfd2c7fc7078c3e3f911.webp" alt="Altcoins market capitalization historical chart. Source: Jelle" class="wp-image-148195" srcset="https://cdn.thebittimes.com/images/2024/01/09/3f1fd4a4a90fcfd2c7fc7078c3e3f911.webp 1024w, https://cdn.thebittimes.com/images/2024/01/09/3f1fd4a4a90fcfd2c7fc7078c3e3f911.webp 300w, https://cdn.thebittimes.com/images/2024/01/09/3f1fd4a4a90fcfd2c7fc7078c3e3f911.webp 768w, https://cdn.thebittimes.com/images/2024/01/09/3f1fd4a4a90fcfd2c7fc7078c3e3f911.webp 1536w, https://cdn.thebittimes.com/images/2024/01/09/3f1fd4a4a90fcfd2c7fc7078c3e3f911.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Altcoins market capitalization historical chart. Source: Jelle
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 <p class="paragraph">With the central <a rel="dofollow" title="altcoin" href="https://thebittimes.com/tag/altcoin.html">altcoin</a> holdings being based in Solana (SOL), Injective (INJ), and Celestia (TIA), Finbold has decided to delve deeper into their recent performance.</p> 
 <h2 class="wp-block-heading" id="h-solana-sol">Solana (SOL)</h2> 
 <p class="paragraph">The recent rally from BTC hasn’t left behind Solana, as it has managed to rake in notable gains in just one day.&nbsp;</p> 
 <p class="paragraph">On the hourly chart, Solana exhibits indications of the potential formation of a bull flag. A conclusive breach above the $110 resistance level is identified as a potential catalyst for a substantial upward movement, per crypto expert Ali Martinez’s post on January 9.</p> 
 <p class="paragraph">Should this pattern persist, there is a possibility of witnessing Solana progressing towards a noteworthy target of $163.</p> 
 <figure class="wp-block-image size-large">
  <img decoding="async" width="1024" height="666" src="https://cdn.thebittimes.com/images/2024/01/09/ce931b8947b35f1896c30acf7e4dc567.webp" alt="Solana price action analysis and prediction. Source: Ali Martinez" class="wp-image-148196" srcset="https://cdn.thebittimes.com/images/2024/01/09/ce931b8947b35f1896c30acf7e4dc567.webp 1024w, https://cdn.thebittimes.com/images/2024/01/09/ce931b8947b35f1896c30acf7e4dc567.webp 300w, https://cdn.thebittimes.com/images/2024/01/09/ce931b8947b35f1896c30acf7e4dc567.webp 768w, https://cdn.thebittimes.com/images/2024/01/09/ce931b8947b35f1896c30acf7e4dc567.webp 1536w, https://cdn.thebittimes.com/images/2024/01/09/ce931b8947b35f1896c30acf7e4dc567.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Solana price action analysis and prediction. Source: Ali Martinez
  </figcaption>
 </figure> 
 <p class="paragraph">At the time of press, the current price of Solana stands at $101.56. This reflects an 8.40% increase in the last 24 hours, a -10.99% decrease over the preceding seven days, and a notable gain of 41.97% over the past month.</p> 
 <figure class="wp-block-image size-large">
  <img loading="lazy" decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2024/01/09/daad79b4dc86a134e18b231ab24901bf.webp" alt="SOL 24-hour price chart. Source: Finbold" class="wp-image-148198" srcset="https://cdn.thebittimes.com/images/2024/01/09/daad79b4dc86a134e18b231ab24901bf.webp 1024w, https://cdn.thebittimes.com/images/2024/01/09/daad79b4dc86a134e18b231ab24901bf.webp 300w, https://cdn.thebittimes.com/images/2024/01/09/daad79b4dc86a134e18b231ab24901bf.webp 768w, https://cdn.thebittimes.com/images/2024/01/09/daad79b4dc86a134e18b231ab24901bf.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   SOL 24-hour price chart. Source: Finbold
  </figcaption>
 </figure> 
 <h2 class="wp-block-heading" id="injective-inj">Injective (INJ)</h2> 
 <p class="paragraph">Injective is poised to unveil the Volan upgrade, a significant development that brings new capabilities and improvements to its ecosystem.&nbsp;</p> 
 <p class="paragraph">This upgrade encompasses <a rel="dofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> such as IBC Cross-Chain Expansion, providing increased interoperability, enhanced scaling to support growing demands, and adding an RWA Module for expanded functionality.</p> 
 <p class="paragraph">After experiencing considerable success in 2023, introducing the Volan upgrade is expected to enhance the appeal of Injective even further. This upgrade positions Injective as a platform responsive to market needs and committed to continuous innovation and growth, per a post from crypto investor Lark Davies on January 8.</p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">Injective is coming up with the Volan upgrade.<br><br>The upgrade would add new capabilities &amp; improvements to Injective like:<br><br>– IBC Cross-Chain Expansion<br>– Enhanced Scalability<br>– RWA Module$INJ had a massive year in 2023 &amp; this upgrade would make Injective look even more appealing. pic.twitter.com/MuA58Y9sAA</p>— Lark Davis (@TheCryptoLark) January 8, 2024
   </blockquote> 
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 </figure> 
 <p class="paragraph">At the time of writing, INJ was trading at $41.65, representing an increase of 4.47% in the past 24 hours and a 5.89% gain in the past week, with a remarkable rise of 120.76% in the past 30 days.</p> 
 <figure class="wp-block-image size-large">
  <img loading="lazy" decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2024/01/09/44d736b69327b76946328ce7349bc5b5.webp" alt="INJ 24-hour price chart.  Source: Finbold" class="wp-image-148200" srcset="https://cdn.thebittimes.com/images/2024/01/09/44d736b69327b76946328ce7349bc5b5.webp 1024w, https://cdn.thebittimes.com/images/2024/01/09/44d736b69327b76946328ce7349bc5b5.webp 300w, https://cdn.thebittimes.com/images/2024/01/09/44d736b69327b76946328ce7349bc5b5.webp 768w, https://cdn.thebittimes.com/images/2024/01/09/44d736b69327b76946328ce7349bc5b5.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   INJ 24-hour price chart. Source: Finbold
  </figcaption>
 </figure> 
 <h2 class="wp-block-heading" id="celestia-tia">Celestia (TIA)</h2> 
 <p class="paragraph">Celestia’s price exhibited an ascending parallel channel trend since November, with both resistance and support trend lines consistently validated. However, a rejection occurred at the channel’s resistance trend line on December 16, resulting in a subsequent downward movement and a channel breakdown on December 25.</p> 
 <p class="paragraph">TIA reached a low of $9.36 on January 3. Subsequently, the price swiftly recovered, surpassing the channel’s support trend line and recently attaining a new all-time high. Prompting positive comments due to its potential price range from crypto analyst <em>Georgie1Trader</em> on January 5.</p> 
 <figure class="wp-block-image size-large">
  <img loading="lazy" decoding="async" width="1024" height="493" src="https://cdn.thebittimes.com/images/2024/01/09/9f494ef1a9d326eb16bacacd98a7ea90.webp" alt="The potential price range of Celestia. Source: Georgie1 Trader" class="wp-image-148202" srcset="https://cdn.thebittimes.com/images/2024/01/09/9f494ef1a9d326eb16bacacd98a7ea90.webp 1024w, https://cdn.thebittimes.com/images/2024/01/09/9f494ef1a9d326eb16bacacd98a7ea90.webp 300w, https://cdn.thebittimes.com/images/2024/01/09/9f494ef1a9d326eb16bacacd98a7ea90.webp 768w, https://cdn.thebittimes.com/images/2024/01/09/9f494ef1a9d326eb16bacacd98a7ea90.webp 1536w, https://cdn.thebittimes.com/images/2024/01/09/9f494ef1a9d326eb16bacacd98a7ea90.webp 1835w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   The potential price range of Celestia. Source: Georgie1Trader
  </figcaption>
 </figure> 
 <p class="paragraph">Currently, this digital asset is trading at $15.88, after an increase of 14.14% in the previous day and gains of 17.16% from the last week, topping off a strong month of gains that came up to 69.71%, according to the latest data on January 9.</p> 
 <figure class="wp-block-image size-full">
  <img loading="lazy" decoding="async" width="985" height="461" src="https://cdn.thebittimes.com/images/2024/01/09/19ae316ff9f161ad884fc0d7dccc4745.webp" alt="TIA 24-hour price chart. Source: CoinMarketCap" class="wp-image-148203" srcset="https://cdn.thebittimes.com/images/2024/01/09/19ae316ff9f161ad884fc0d7dccc4745.webp 985w, https://cdn.thebittimes.com/images/2024/01/09/19ae316ff9f161ad884fc0d7dccc4745.webp 300w, https://cdn.thebittimes.com/images/2024/01/09/19ae316ff9f161ad884fc0d7dccc4745.webp 768w" sizes="(max-width: 985px) 100vw, 985px">
  <figcaption class="wp-element-caption">
   TIA 24-hour price chart. Source: CoinMarketCap
  </figcaption>
 </figure> 
 <p class="paragraph">Whether these current strong performers will continue their hot streaks and even experience bigger gains with the ongoing speculations of a spot Bitcoin ETF approval or their rally will cease remains to be seen.</p> 
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p> 
 <p class="paragraph"> </p>
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